Popular director receives 93 new RSUs
POPULAR, INC. director Maria Luisa Ferre received 93 Restricted Stock Units (RSUs) tied to dividend equivalents on existing awards.
Rhea-AI Filing Summary
POPULAR, INC. director Maria Luisa Ferre received 93 Restricted Stock Units (RSUs) tied to dividend equivalents on existing awards. These RSUs were granted at no cash cost and each unit will convert into one share of common stock after her service as a director ends, with shares issued on the 15th of August following termination.
After this grant, she holds 16,271 RSUs and 37,326.212 shares of common stock directly, including 188.129 shares acquired through dividend reinvestment. She also reports 13,541 common shares held indirectly through The Luis A. Ferre Foundation, Inc., where she serves as president and trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 93 shares
Grant/Award
3 txns
Insider
Ferre Maria Luisa
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 93 | $0.00 | $0.00 |
| holding | Common Stock Par Value $0.01 per share | -- | -- | -- |
| holding | Common Stock Par Value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 16,271 contracts (Direct);
Common Stock Par Value $0.01 per share — 37,326.212 shares (Direct);
Common Stock Par Value $0.01 per share — 13,541 shares (Indirect, The Luis A. Ferre Foundation, Inc.)
Footnotes (5)
- F1. Includes 188.129 shares acquired pursuant to reinvestment of dividends paid by the Corporation. The shares were acquired in transactions exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder.
- F2. Ms. Ferre is the President and a Trustee of the Luis A Ferre Foundation, Inc.
- F3. Restricted stock units convert into common stock on a one-for-one basis.
- F4. Reflects Restricted Stock Units ("RSUs") received by the reporting person as a result of dividend equivalents accrued with respect to outstanding RSUs granted to the reporting person. Dividend equivalents are accrued at the same rate and at the same time as dividends are paid to ordinary shareholders. Dividend equivalents on RSUs are subject to the same terms and conditions as the underlying RSUs.
- F5. Restricted stock units are converted into an equivalent number of shares of common stock and issued to the reporting person on the 15th of August following the date of termination of service as a director.
Key Figures
New RSU grant: 93 RSUs
RSUs after transaction: 16,271 RSUs
Direct common shares: 37,326.212 shares
+3 more
6 metrics
New RSU grant
93 RSUs
Grant of Restricted Stock Units via dividend equivalents on 2026-04-01
RSUs after transaction
16,271 RSUs
Total Restricted Stock Units held following the grant
Direct common shares
37,326.212 shares
Direct POPULAR, INC. common stock holdings after transaction
Dividend reinvestment shares
188.129 shares
Common shares acquired via dividend reinvestment under Rule 16a-11
Indirect common shares
13,541 shares
Shares held indirectly through The Luis A. Ferre Foundation, Inc.
RSU conversion ratio
1:1
Each RSU converts into one share of common stock
Key Terms
Restricted Stock Units, dividend equivalents, Rule 16a-11, Section 16, +1 more
5 terms
Restricted Stock Units financial
"Reflects Restricted Stock Units ("RSUs") received by the reporting person as a result of dividend equivalents"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalents financial
"Dividend equivalents are accrued at the same rate and at the same time as dividends are paid"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Rule 16a-11 regulatory
"acquired in transactions exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder"
Section 16 regulatory
"exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
dividend reinvestment financial
"Includes 188.129 shares acquired pursuant to reinvestment of dividends paid by the Corporation"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
AI-generated analysis. How Rhea-AI works. Not financial advice.
